The Planning Commission today shot off a letter to the finance ministry warning that inability to provide a gross budgetary support of Rs 1,34,000 crore for 2003-04 would hamper growth prospects.
With barely four weeks to go for the Budget, there has not been a single meeting between Planning Commission Deputy Chairman K C Pant and Finance Minister Jaswant Singh. While there has been only an exchange of letters between the two, they have separately met the Prime Minister and apprised him of the developments.
According to government sources, in the last meeting between Planning Commission and finance ministry officials earlier this month, Finance Secretary S Narayan had said the ministry could provide a gross budgetary support of only Rs 1,00,000 crore. The Plan panel
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app